MILPITAS, Calif., Feb. 12, 2010 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, government, and consumers, announced restructuring changes to its executive management and employee staff designed to flatten the firm's organizational structure, improve the Company's decision-making efficiencies and reduce costs. Effective immediately Steven Bell, Senior Vice President of North American and European Sales Operations and Robert Miller, Senior Vice President of Engineering and Ground Operations, plus a number of additional employees, are no longer with Globalstar due to the restructuring.
"After analyzing our Company's operational decision-making processes, we are consolidating our staff in order to better streamline our organization and help us reach our financial goals," said Peter Dalton, CEO, Globalstar, Inc. "These changes will also tie management accountability with responsibility as we bring to market new consumer retail products and services and prepare to launch our second-generation satellite constellation beginning this summer."
About Globalstar, Inc.
With over 375,000 subscribers, Globalstar is the world's largest provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.
For more information regarding Globalstar, please visit Globalstar's web site at www.globalstar.com.